Phate Zhang

China's lithium iron phosphate (LFP) battery installed base surpassed ternary batteries for the first time this year in July, and that lead widened in August.

China's NEV sales in August were 321,000 units, up 181.9 percent from a year ago and 18.6 percent from July.

The information shows that the owner can shorten the vehicle's 0-100 km/h acceleration time from 5 seconds to 4.4 seconds by paying RMB 14,100 ($2,190).

Xpeng's P5 sedan and G3i SUV models have entered the list of vehicles exempted from vehicle purchase tax in China, paving the way for the start of their official sales.

Nio recently increased the registered capital of two of its companies in Anhui by 50 percent, for a combined increase of RMB 4 billion ($620 million).

Xiaomi's automotive business has big ambitions, with plans to launch its first model in the first half of 2024 and a new car in each of the following three years.

China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.

On the eighth anniversary of its entry into the Chinese market, Tesla is upping the ante here by opening a mega-delivery center.

By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.

Tesla China sold 12,885 units in August and China-made Model 3 sales were 1,309, the lowest for the model since deliveries began last January.